Canada Soy Protein Market Size

Canada Soy Protein Market Analysis

The Canada soy protein market was valued at USD 221.66 million for the current year and is projected to register a CAGR of 5.18% over the next five years.

• The soy protein isolate is commonly used in protein bars, shakes, and other supplements. It is a great source of protein for vegetarians and vegans. It is also low in fat and contains no cholesterol, making it a heart-healthy choice. 
• Frequent consumption of soy protein can reduce the risk of heart disease, minimize cholesterol levels, and promote healthy bones. A wide variety of product variants are available, including soy protein isolate, soy protein concentrate, and textured soy protein. Soy protein is gaining traction among health-conscious people. Increasing awareness about the health benefits of soy protein is boosting the demand for the product from soy protein in Canada.
• Canada's soy protein market is projected to witness significant growth avenues in the coming years. The growing use of soy protein in numerous applications is pushing the market growth. The expanding vegan and vegetarian population, along with the surging trend of plant-based diets, are fueling the market growth. As per research conducted by the Angus Reid Institute in 2022, 1 in 5 Canadians, 22%, who regularly eat meat would like to reduce the amount of meat they consume and move towards vegetarian.
• Furthermore, the extensive product application in various industries, including food and beverages, animal feed, and supplements industries, owing to its various functional properties, such as emulsification, foaming, and gelling, are fueling the Canadian market growth.